Virage Capital Management LP
A Market Leader in Law Firm Funding and Litigation Finance
Founded in 2013, Virage was formed to provide creative litigation finance solutions to established litigation lawyers and law firms, whether contingency-fee based, hourly billable, or a combination of the two. The funds may be used for a wide range of business purposes, including marketing, case expenses, overhead, and growth.
Virage works with lawyers who handle any type of contingency fee cases, such as class actions, mass actions, mass torts, single-event torts, business litigation, intellectual property, environmental law, and employment law. Virage also works with attorneys and law firms who handle hourly billable matters, as well as those who take a hybrid approach with their law practice.
With a business-friendly approach that blends aspects of traditional banking and alternative approaches to lending, Virage’s financial solutions can enhance your operational efficiency and accelerate the growth of your firm.
Virage sets itself apart by managing the funds it deploys, offering favorable terms for borrowers, fast fund deployment upon approval, and a long-term approach after the transaction is closed. Virage’s loan process is efficient, with a target closing of three weeks or less following receipt of all due diligence items from your firm. Additionally, Virage’s goal is to develop an in-depth understanding of their borrowers’ businesses, as well as lasting, long-term relationships with them.
Whether it is helping borrowers network on litigations, developing cases, or understanding where opportunities lie in the vast contingency fee litigation landscape, this approach has allowed Virage to develop a highly sustainable business with a loyal borrower base.
Based in Houston, Texas, Virage serves contingency fee lawyers and law firms throughout the United States. Virage understands contingency fee attorneys and law firms — and how to value their cases — better than traditional banks and lenders. Virage knows how to develop and execute your goals and do so with favorable terms in order to allow you to achieve higher levels of success for your clients and business.
What is Cost of capital?
Whether you self-fund your operations, have a bank line of credit, use co-counsel to joint venture, or have some alternative form of financing, there is a cost of the capital you use. That cost of capital is determined by a multitude of factors, such as any lock-up period; the interest rate and whether the interest compounds daily, monthly, or annually; whether there is an interest reserve; and other fees charged by a lender.
Before committing to borrowing funds, you should conduct a cost of money analysis. To this end, Virage regularly speaks with a firm’s accountant, CPA, CFO, or others to ensure that you get what you expect. With Virage, you will get funds priced fairly and on good terms.